0.09%QQQQ 50.01 0.08%MSFT 29.99 
1.51%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - CNET Networks and Yahoo announced a partnership on Friday that will allow CNET to provide content to Yahoo sites and cross-sell advertising.
CNET chief executive, Neil Ashe said that the joint venture will be launched during the third quarter.
Ashe forecasted the partnership to bring about $100 million revenue to CNET over the next three years.
The announcement pushed CNET shares up by 3.2 percent to $7.75 in extended trade.
The San Francisco-based firm which focuses much on technology news and reviews is currently facing mounting pressure from an investor group led by hedge fund Jana Partners to transform itself into a Web 2.0 company.
Jana group released a proposal, earlier this month, suggesting that CNET should partner with a popular online advertising platform such as Google's DoubleClick.
The new partnership will allow CNET's technology news and consumer electronics reviews to be available on various Yahoo Web sites and Yahoo will also sell display advertisements on CNET properties such as News.com and TV.com.
CNET's revenue increased by 3 percent during the previous year's quarter boosted by an increase in the number of its monthly unique users which grew to 161 million.
Eritrea is considering five more applications for exploration licences, and will make its decision within the year.
Financial stocks fell on Friday on falling consumer sentiment as led by losses at large regional banks Keycorp and Regions which were hurt by dow...
The One Laptop Per Child project is about to find out whether Microsoft Corp., a...
|
Professional Website Design For Corporate - Get a Free Quote Today
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.93
